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Page 212 of 8261
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29 May
£2.5m
Estimated
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Newcastle City Council
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Petroleum & fuel· Published 22 May
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University Hospitals of North Midlands NHS Trust
MED6098 Dental Implants and Associated Consumables
Medical equipment· Published 22 May
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20 Jun
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South London and Maudsley
General Counselling Services - ST24 - P640
Health & social· Published 22 May
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Bath and North East Somerset Council
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Construction work· Published 22 May
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22 May
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NHS London Procurement Partnership (Hosted by Guy's and St Thomas' NHS FT)
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IT services· Published 22 May
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NHS Hertfordshire and West Essex Integrated Care Board
Non-Emergency Patient Transport Services (NEPTS) on behalf of NHS Derby & Derbyshire ICB
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£7.0bn
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NHS London Procurement Partnership
Total Facilities Management
Business services· Published 21 May
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21 May
—
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MIR Demolition
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21 May
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21 May
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City & County of Swansea
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Construction materials· Published 21 May
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21 May
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Estimated
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City & County of Swansea
Contract for the Labour only domestic boiler installation
Construction materials· Published 21 May
CLOSED
19 Jun
£100k
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North East Ambulance Service
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£870k
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AMEY DEFENCE SERVICES LIMITED
FDIS - Wimbish Refurbishment of 8 properties - FY2025/26 - Amey Central Region - East
Construction work· Published 21 May
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21 May
£4.5m
Estimated
Closed
CF
AD
AMEY DEFENCE SERVICES LIMITED
FDIS - Colchester Refurbishment of 52 properties - FY2025/26 - Amey Central Region - East
Construction work· Published 21 May
CLOSED
21 May
£4.5m
Estimated
Closed
CF
AD
AMEY DEFENCE SERVICES LIMITED
FDIS - Colchester Refurbishment of 90 properties - FY2025/26 - Amey Central Region - East
Construction work· Published 21 May
Page 212 of 8261
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Notice peek

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SY
ClosedCF · e51437864793

Investment Management Services

South Yorkshire Pensions Authority
Status
Closed
Estimated
£16.0m
Published
20 Feb 2025

Key facts

Notice ID
cf-25fd14ca-b2c9-4705-9c40-e51437864793
CPV code
66100000 · Financial services
Source
Contracts Finder

Timeline

  1. Published
    20 Feb 2025

Description

SYPA is seeking to appoint an investment manager (authorised by the Financial Conduct Authority) to work in partnership with SYPA to deliver SYPA's planned investments into domestic housing within SYPA's Place Based Impact allocation. SYPA has allocated an initial c.£75m of un-levered equity to this strategy with the objective to support the direct development of affordable, single-family housing in the geographical region of South Yorkshire through a build to rent model. SYPA aims to facilitate the building of high-quality and sustainable (as measured by an Energy Performance Certificate of A-C) private rental sector housing, with a proportion of units available to eligible tenants at a Discount to Market Rent. SYPA understands that affordability is a key concern for many, and SYPA intends to work with the investment manager to define the appropriate measures of affordability and the achievable Discount to Market Rent across the South Yorkshire region. Through this planned investment, SYPA will aim for a geographical spread of new housing across the four South Yorkshire districts of Barnsley, Doncaster, Rotherham and Sheffield. The partnership's objective will be to provide SYPA with sustainable long-term income and capital growth, secured against a portfolio of primarily new built private rental sector units in South Yorkshire. Once operationally stable, SYPA aims for the investment to deliver an income yield of 3-4% per annum and a target annual return of 6%. SYPA does not intend to become a registered social housing provider and/or landlord. The total SYPA allocation to this partnership is expected to grow as it is rebalanced in line with the overall pension fund as additional capital will be allocated to the partnership for investment to maintain its target weight within the overall strategic asset allocation. The value of the investment will be a minimum of £75m and could increase to up to £95m, as SYPA aims to maintain a 0.75% weighting of total assets to this mandate. SYPA does not intend the partnership vehicle to take on planning risk but intends to facilitate the development of housing through investing in a combination of forward funding or forward purchases and / or standing investments. The investment manager will oversee the facilities management and rent collection from these properties where SYPA expects to receive quarterly rental income from the properties, whilst providing institutional funding to meet the affordable housing needs within the South Yorkshire area. The sale of assets will not be prohibited, should the manager deem this to be in the interest of the partnership, however this is not the primary objective. Further details are set out in the procurement documents.

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